Press Releases 2012

Asil Nadir has been sentenced today to ten years'
imprisonment. This follows his conviction this week of the
theft of nearly £29 million pounds between 1987 and 1990 from Polly
Peck International, the company he led until its collapse in
1990.
The sentences relate to ten counts of theft contrary to section
1(1) of the Theft Act 1968.

Asil Nadir has been convicted of stealing millions of
pounds from Polly Peck International, a multi-national company he
built and led. Over three days at the Central Criminal Court the
jury returned guilty verdicts on 10 counts of theft conducted been
1987 and 1990.

Three people involved in a fraud that targeted UK
investors and ex-pats in Majorca have been convicted. Guilty
verdicts have been returned at Bradford Crown Court on two of them.
Another had already pleaded guilty prior to trial. Two individuals
were acquitted of related money laundering charges.

The High Court has today handed down its judgment following
judicial review proceedings heard in May 2012 brought against the
Serious Fraud Office by Robert and Vincent Tchenguiz and companies
and trusts through which their business was conducted.
The SFO had conceded that serious mistakes were made in
connection with the application for search warrants in this case
but notes the reasoned tone of the judgment and the helpful
comments it contains.

Further to our announcement on 2 July 2012, the Director of the
Serious Fraud Office, David Green QC, is satisfied that existing
criminal offences are capable of covering conduct in relation to
the alleged manipulation of LIBOR and related interest rates.

Mr Paul Jennings (55), of Neston, Cheshire, a former CEO
of Innospec Ltd, appeared before His Honour Judge Leonard QC at
Southwark Crown Court and pleaded guilty to one charge of
conspiracy to corrupt Iraqi public officials and other agents of
the Government of Iraq.

The conviction last year of the GP Noble director and
his imprisonment for eight years can now be published.
With the conclusion today of the trial of two other defendants,
reporting restrictions have been lifted over other trials conducted
last year in relation to a £52 million pension fund fraud.

The SFO Director David Green QC has today decided
formally to accept the LIBOR matter for investigation.
Notes for editors:
The Serious Fraud Office is a government department responsible
for investigating and prosecuting serious and complex fraud.

The Director of the Serious Fraud Office (SFO) has taken
action in the High Court, which has resulted in an Order that
Oxford Publishing Limited (OPL) pay £1,895,435 in recognition of
sums it received which were generated through unlawful conduct
related to subsidiaries incorporated in Tanzania and
Kenya.

The Serious Fraud Office has been working closely with
the Financial Services Authority during its investigation into
recently reported issues in relation to LIBOR. Now that the
investigation into the issue of regulatory misbehaviour has
concluded, the SFO are considering whether it is both appropriate
and possible to bring criminal prosecutions.